PYMNTS

APRIL 14, 2020

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments.

Email Compromise 96

Email Compromise Compromise Business Email Compromise Phishing 96

Seon

JUNE 27, 2024

Such uncertainty is unwelcome in cybersecurity and fraud. As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. These advancements have changed the way we approach cybersecurity and fraud detection.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

VISTA InfoSec

JUNE 19, 2024

However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Malware and Ransomware Malware and ransomware are significant threats in the realm of video communication, with attackers leveraging these tools to compromise devices and networks.

Risk 277

Risk Ransomware Phishing MFA 277

The Fintech Times

APRIL 11, 2024

The Egress report highlights organisations’ evolving cybersecurity challenges, particularly involving phishing attacks, and has sparked concern among industry experts and cybersecurity leaders. Repercussions extend beyond financial losses, significantly impacting individuals within organisations.

Phishing 68

Phishing Cybersecurity Compromise Ransomware 68

VISTA InfoSec

JUNE 7, 2024

Implicit trust and the abundance of vulnerabilities in outdated security systems can lead to exposed IP addresses, the proliferation of spyware and other malware, and other security risks. As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

PYMNTS

SEPTEMBER 30, 2019

companies via the Business Email Compromise scam, reports in The East African said last week. Through Operation reWired, we are sending a clear message to the criminals who orchestrate these Business Email Compromise schemes that ‘I will keep coming after you, no matter where you are.’”.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

The Fintech Times

OCTOBER 18, 2024

Cyber risks : This risk includes threats such as hardware and software failures, spam, viruses, malicious attacks, and other IT-related issues that can compromise a company’s digital infrastructure. Invest in cybersecurity : Given the high stakes of data breaches, fintech leaders must prioritise investments in cybersecurity.

Risk 107

Risk FinTech Risk Management Cybersecurity 107

Fintech News

MARCH 21, 2024

Densan System, a Japanese information and technology services company, has integrated SEON’s cybersecurity solution to bolster security and streamline user experience on its recently launched ‘PayLabo’ digital payment platform. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 102

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 102

The Finance Weekly

JUNE 7, 2022

Hack may not be the most comforting word in describing cyber security strategies, but it is nonetheless of paramount importance to defend against cybersecurity breaches. While these threats are an inevitable cancer in the age of digitization, anyone can prevent the potential crises that may emerge from cybersecurity issues.

Cybersecurity 52

Cybersecurity Breach Privacy Risk Management 52

PYMNTS

OCTOBER 17, 2018

Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in violation of federal law. Investors rely on our public issuers to put in place, monitor, and update internal accounting controls that appropriately address these threats.”.

Cybersecurity 76

Cybersecurity Email Compromise Law Enforcement Business Email Compromise 76

PYMNTS

SEPTEMBER 9, 2019

The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial intelligence (AI) technology to impersonate the firm’s chief executive officer by mimicking his voice on the phone.

Cybersecurity 72

Cybersecurity Email Compromise Deepfake Crime 72

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

VISTA InfoSec

MAY 23, 2024

This guide addresses both preventive and mitigative actions. These storage resources can be compromised and lead to data leaks similar to the unsecure S3 bucket of THSuite reported in 2020. Threat actors can compromise these and render passwords and other secrets useless.

Compromise 288

Compromise Database Best Practices Shutdown 288

VISTA InfoSec

OCTOBER 21, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. Hackers obtained names, addresses and contact details for the customers.

Compromise 65

Compromise Accounts FBI Law Enforcement 65

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. The service includes educational materials as well, like training videos and guidance on internal cybersecurity policy development. In a press release on Tuesday (Feb. In a press release on Tuesday (Feb. Education Is Key.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? FICO's Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. The post Cybersecurity: How to Protect Yourself Online (Video) appeared first on FICO.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. Email is a big challenge, be careful.”.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

PYMNTS

NOVEMBER 30, 2020

The SEC put out various alerts over the entirety of the pandemic on the danger of the attacks, warning various sizes of businesses about ransomware attacks affecting broker dealers and investment advisors as well as credential compromises taking peoples' login information and exposing private information.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

PYMNTS

SEPTEMBER 30, 2019

Maersk Chief Technology and Information Officer Adam Banks spoke earlier this month at a cybersecurity conference, reflecting on that 2017 attack and noting that the company was “not unusually weak,” and adding that this is a fact for many organizations that can, unfortunately, lead to a false sense of security.

Cybersecurity 57

Cybersecurity Third Party Vendors Compromise End User 57

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch. Learn about active cyber defense strategies and what they mean for the future of enterprise cybersecurity. What Facebook is Doing to Address the Gaps.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

Seon

JUNE 24, 2024

A critical aspect of cybersecurity, the fundamentals within this realm center on three main components: identifying, assessing and mitigating risks associated with digital identities and access controls across an organization. Credit card fraud accounted for 34% of these statistics, indicating fraud’s pervasive and industry-agnostic nature.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

VISTA InfoSec

OCTOBER 21, 2024

2) Hierarchical Deterministic (HD) Wallets HD wallets protect your coins by generating a new public address for each transaction. The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

PYMNTS

OCTOBER 2, 2017

Bank customers and regulators would likely agree: There’s no excuse for a financial institution to accept lackluster cybersecurity measures. Assessing the Cybersecurity Performance of the Finance Supply Chain ,” which explores how financial service providers manage third-party cyber risk.

Cybersecurity 51

Cybersecurity Risk Risk Management Compromise 51

PYMNTS

JANUARY 14, 2020

But for many service providers, achieving one can often mean compromising the other. But cloud migrations are often complex, particularly when it comes to remaining compliant with the mounting regulatory initiatives designed to address growing security risks in the financial services arena. Greater Security Without Compromising UX.

Security 101

Security PCI DSS Compromise Service Provider 101

FICO

AUGUST 27, 2019

A growing percentage of cybersecurity incidents against businesses are the result of initial compromises against third parties, allowing malicious actors to gain access through a trusted relationship, move laterally and escalate privileges, and ultimately attain their target. This risk is highlighted in a new report by the U.S.

Cybersecurity 40

Cybersecurity Risk Management Assessments Risk Assessment 40

PYMNTS

MARCH 15, 2017

Software maker SAP announced on Tuesday (March 14) that it patched cybersecurity flaws on its HANA software product. According to Reuters , the vulnerabilities addressed had the potential to allow hackers to have control over the databases and business applications utilized by large global firms.

Addressing 49

Addressing Security Database Compromise 49

PYMNTS

APRIL 18, 2017

Among the new rules: Firms must employ and deploy a senior chief information security officer, or the corporate board, to approve written policies for cybersecurity. Smaller firms today are lacking” in terms of staff in place needed to address concerns in risk and security. Certification must be made annually about compliance.

Cybersecurity 66

Cybersecurity Third Party Vendors Breach Regulations 66

PYMNTS

AUGUST 10, 2016

That could be the case with 12 health care payers, who are at risk of being hacked after a health care vendor was compromised. Health care companies hold the keys to a lot of sensitive consumer data, and a hack of that data could open up a can of worms.

Compromise 40

Compromise Risk Payer Enrollments 40

PYMNTS

JANUARY 3, 2021

The intruder or intruders did not, T-Mobile stated, have access to “names on the account, physical or email addresses, financial data, credit card information, social security numbers, tax ID, passwords, or PINs.”. “We T-Mobile previously suffered a data breach in March.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

PYMNTS

JANUARY 13, 2020

That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment. According to local Kentucky Today reports, $1.5

B2B 89

B2B Wire Transfer Cybersecurity FBI 89

The Fintech Times

JUNE 20, 2024

David Atkinson , CEO of SenseOn , the cybersecurity firm, explains why financial organisations should understand vulnerabilities, defend against evolving cyber threats and how leveraging technology that can actively flag and isolate serious threats will decrease the damage. So what can firms do to better mitigate this risk?

Risk 58

Risk Cybersecurity Data Breach Ransomware 58

PYMNTS

JUNE 26, 2018

Cybersecurity is no longer an afterthought for today’s enterprise. Spend is still going up, too, as KPMG ‘s report found a 23 percent increase in the number of professionals prioritizing cybersecurity investments this year compared to last.

Cybersecurity 43

Cybersecurity Data Breach Breach Email Compromise 43

PYMNTS

NOVEMBER 7, 2017

With the cybersecurity threat constantly looming and, in many instances, growing for corporations, a new report from Kaspersky Lab suggests businesses shouldn’t necessarily rely on their IT departments to safeguard their firms. But increased hiring may not be on the agenda, as cybersecurity spend has stalled for many organizations.

Addressing 43

Addressing Security Cybersecurity Email Compromise 43

VISTA InfoSec

OCTOBER 25, 2023

Choose between a qualitative or quantitative approach: Qualitative Method : Dive into diverse scenarios and address hypothetical inquiries to identify risks. and test environments (used for testing updates or new applications), would cause minimal disruption to an organization’s operations if compromised.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

Stax

MARCH 4, 2024

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Fintech Review

NOVEMBER 12, 2024

Aligning these perspectives requires clear communication, shared goals, and a willingness to compromise. Data Security and Privacy Concerns With fintechs bringing data-driven technologies, cybersecurity and data privacy are crucial. Fintechs, on the other hand, tend to prioritise innovation, speed, and customer-centricity.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105